License Bond Application

License Bond Application

Posted on 14. Nov, 2010 by .

0

As a condition of licensure, contractors are required to post some form of security deposit with the Contractors State License Board (CSLB). Surety bonds are commonly used for this purpose, but cash or certificates of deposit may also be posted. If the contractor does not comply with the conditions of the law, a claim can [...]

Continue Reading

Facts About Tools & Equipment Insurance

Facts About Tools & Equipment Insurance

Posted on 14. Nov, 2010 by .

0

A policy that insures contractor’s equipment other than vehicles designed for use on the public highways. Many contractors have considerable investment in large pieces of moveable equipment, such as cranes, power shovels, tractors, etc. These items can be scheduled specifically on the policy, while a blanket amount takes care of smaller items such as tools. [...]

Continue Reading

Facts About Commercial Property Insurance

Facts About Commercial Property Insurance

Posted on 14. Nov, 2010 by .

0

Commercial Property Insurance is a necessity for any business, big or small. Financial institutions that lend money based on a security interest in property want to be sure the buyer can repay the loan even if the property is destroyed. Because of this, one of the fundamental requirements for mortgages and most other loans is [...]

Continue Reading

Facts About Commercial Auto Insurance

Facts About Commercial Auto Insurance

Posted on 14. Nov, 2010 by .

0

Commercial Automobile Insurance is one of the most misunderstood types of insurance that contractors must deal with. Many people assume that once they purchase a personal automobile policy their work vehicles will be covered. However, the typical Personal Automobile Policy excludes vehicles used for Commercial and Business purposes. Any organizations that own or use autos [...]

Continue Reading

Facts About Workmans Compensation

Facts About Workmans Compensation

Posted on 14. Nov, 2010 by .

0

All organizations that have employees are required by the state of California to carry Workers Compensation Insurance. This form of insurance responds to two different types of loss exposures. One is the employer’s legal responsibility to pay required workers compensation benefits to employees. The other is the possibility of an employee or some other person [...]

Continue Reading

The Facts About General Liability Insurance

The Facts About General Liability Insurance

Posted on 14. Nov, 2010 by .

0

As of October 1, 2001 all California Contractors are legally required to disclose to homeowners, in writing, whether or not they carry General Liability Insurance. If the contractor does carry General Liability Coverage he is then required to provide the name and phone number of his insurance company to the homeowner. Any time you, the [...]

Continue Reading